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Bulls and Bears

News/Business. The latest market news; the week ahead on Wall Street. New. (CC)

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00:30:00

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Virtual Ch. 760 (FOX NEWS HD)

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ac3

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720

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Us 10, North Korea 10, United States 9, South Korea 8, China 6, Dr. Ben Carson 6, Korea 5, Obama 4, John Bolton 4, Washington 4, America 4, Michele Bachmann 3, Donald Trump 3, Pentagon 3, Coca Cola 2, Motorola 2, The Pentagon 2, Heather 2, Jefferson 2, Molly Henneberg 2,
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  FOX News    Bulls and Bears    News/Business. The latest market news;  
   the week ahead on Wall Street. New. (CC)  

    March 16, 2013
    7:00 - 7:30am PDT  

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♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. >> with hotwire's low prices, i can afford to visit chicago for my first big race and l.a. for my best friend's wedding. because when hotels have unsold rooms, they use hotwire so i got my hotels for half-price! >> men: ♪ h-o-t-w-i-r-e ♪ hotwire.com what's droid-endurance ? the longest 4g lte battery in a razr thin profile. with 32 hours of battery life that turns an all-nighter, into a two-nighter. the droid razr maxx hd by motorola. droid-endurance. droid-powerful. >> well, a fix news alert. you're taking a live look at cpac where congresswoman
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michele bachmann is speaking and in a few moments, dr. ben carson is set to take the stage and we'll bring you his speech live. >> and join us on the after the show show. and remember miss alaska shaved her head last year it's grown back. >> you'd never know. >> a fox news alert, the pentagon now beefing up defense along the west coast after reports that north korea test fired two short-range missiles, stoking nuclear tensions with that nation even further. military officials from the south today saying that north korea fired those missiles over water. these are pictures of the launch last year. today's launch app in response to ongoing drills by the united states and south korea. the pentagon says this only heightens the nuclear threat. coming up we are going to have the latest news from the pentagon and a discussion with a former u.s. ambassador to
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the united nations, john bolton. but first, we are awaiting a speech by one of the most outspoken critics of obama's health care law and momentarily he'll be addressing this year's conservative political action conference cpac as it's known. hello, everyone, glad you're with us, i'm gregg jarrett and welcome to america's news headquarters. >> thanks for joining us, i'm hell they are childress. and america's most influential conservatives, and speaking michele bachmann, take a look at her live there. in a few minutes the health care debate will take center stage with dr. ben carson, who is considered a trail blazer by some republicans, for his views. molly henneberg is there at cpac live with the latest,
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molly? >> reporter: good morning, heather, good morning, gregg. yes, dr. carson will speak after michele bachmann finishing at the podium. and scott walker as well as house speaker newt gingrich. told the crowd that republicans and conservatives need to change the way they approach politics, here is more. >> we don't need new principles, but we need lots of ideas how to implement those principles in the 21st century. >> some of the other speakers later today will be former g.o.p. vice-presidential candidate sarah palin and also mia love, the mayor of saratoga, utah had a prime speaking spot last year and kathy mcforest-rogers, a leader in the house of representatives and keynote speaker texas ted cruz who has become a favorite of conservatives. one of the headlines each year
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at cpac, the results of the straw poll, who people would like to see as the next president. mitt romney won last year and won more than anyone else in the straw poll. we have a look at the straw poll winners recently. romney won four times, texas congressman ron paul often does well here, too, thanks to the number of college students who attend this event. they've been doing the straw poll at cpac since 1976, but only two winners of the cpac straw poll have become president. ronald reagan and george w. bush. back to you in new york. >> thank you, molly, we'll he check back with you. molly henneberg live from cpac for us. as this year's conference enters into its final day, what are we learning about the future of the conservatives movement? steve hays is the senior writer at the weekly standard, and he joins us with more insight. thank you for joining us. >> thank you, heather. >> so what do you expect to take from this year's conference and really, what is
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the significance? does it take more significance on when many republicans are saying that the party is in a state of transition or needs to be? >> yeah, you know, i don't think it necessarily takes on more significance, so i think what we're likely to leave cpac from this year, what the attendees will leave with is a sense a cacaphonous movement inside the republican party about the direction of the party and i think these things are natural after the kind of election defeats that republicans and conservatives saw in 2012, and i don't think it's necessarily a bad thing, there's a lot of hand wringing going on wrong republicans and a lot of some gazing with conservatives and people are fretting that this is happening and shouldn't we be just focusing on president obama? i think it's totally appropriate to ask these kinds of question. and i think a venue like cpac and others like them, there was a national review institute program a month ago,
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that's exactly the kind of place that conservatives and republicans should be be hashing out the questions. >> what about the speakers themselves who were invited to attend this year, those who are speaking and perhaps those who were not invited? what does that tell you? >> well, look, i mean, for my-- i'm he not putting on cpac, it's not my decision to make. i find it odd you would not invite someone like a chris christie or a bob mcdonnell, much as i might agree with some decisions with medicaid expansion and transportation bill and taxes i find it odd you would not invite them when they have a pretty good history of conservative governance, christie in a blue state, but invite someone donald trump and obama supporter and nancy pelosi-- and dopt have answer in the conservative movement. i would have made different decisions and my argument would be, have everybody. if you want to have donald trump, fine, have donald
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trump, but chris christie, too, have an argument here and fight and let the best argument at the end of the day win. >> there are 23 names on this straw poll that they will be taking later this evening. included on that list, dr. ben carson who is coming up shortly and we're waiting to hear him speak and listen to what he has to say and the only one on the list that hasn't served in political office. what do you expect to hear from him. >> he's been certainly quite a phenomenon. some of us have known about him going back a couple years, but recently, as a result of some speeches that he's given, people are paying a lot more attention to what he's saying and a lot more attention to the message sort of broadly of american conservativism that he embodies and i think that people look at his qualifications and the fact that he's at johns hopkins and has had such a distinguished career in medicine, and look at, you know, his own circumstances and say, this is somebody that we should be be taking some direction from. so i completely expect him to
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be offering sort of a combination of his own personal story and his own personal advice as well as prescriptive advice for conservatives around the country. >> expecting any apologies from him to the president, no? >> no, i don't expect apologies, no. >> i don't either. finally as we wrap up here, the keynote speaker, senator ted cruz. your thoughts on he being the could he note speaker at the event? >> he's certainly been a phenomenon in his short time in washington. i think one thing he brings is a new perspective. this was the promise of the tea party and some respects you see it in people like marco rubio, like ted cruz, like mike lee from utah and others in the house and come and ask the questions that people in washington haven't been asking and they ask sort of the obvious questions why wouldn't we read bills before we vote on them? makes sense it me to read bills before we vote on them. why should we be spending more money than we're taking in. these are common sense questions people across the country, whether they're
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conservative or not. whether they're republican or democrat, want to have answered and to have somebody like ted cruz come in and shake up washington in the way that he's done in the short time here i think is commendable and i think we're going to hear a lot more of that today later on at cpac. >> that's so well-said and so true. common sense just seems to go out the window when you get to washington. thank you so much for joining us, w we appreciate it. >> you bet. >> did you see the exchange with dianne feinstein, he ought to send a thank you for burnishing his credentials and shaking things up. and north korea shaking a sword or is this a real threat? the pentagon taking today's missile test seriously and making plans to defend measured american shores. it's an about-face for president obama. he's now scrambling to put together that which he got rid of. former ambassador john bolton joins us.
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>> worries are now growing over the possibility of a nuclear attack from north korea after missile testing
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there, so says the pentagon, which is now stepping up the american missile defense system. the u.s. planning to deploy more ground-based interceptors like these on the west coast. and still new at his job, chuck hagel says it will be up to us to defend ourselves. >> assuring steps the united states will take to stay ahead of the challenge posed by iran and north korea's development of longer range ballistic missiles capabilities. >> gregg: south korea says the north test fired two short range missiles over the water. these are file pictures of a previous launch. the launch believed to be in response to routine military drills conducted by south korea and the united states. let's bring in john bolton, former united states ambassador to the u.n. and a fox news contributor. be ambassador, always good to talk to you. president obama at the beginning of his administration canceled large parts of the missile defense program. now, all of a sudden
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scrambling to put those pieces together. and it may take years. i saw one estimate today, 2017 before they're fully operational. is that an implicit admission that he made a huge mistake? >> i think it is. and i guess i'd say better late than never. these particular missiles were scheduled during the bush administration to be deployed in 2009. but as part of the obama administration effort, basically, to tank our national missile defense program, they were put off, even in 2009 north korea exploded a second nuclear device. so, it's a step in the right direction. it's too late, but it's still a step in the right direction. there are other aspects, such as the canceled plans for radars and missile sites in poland and the czech republic and the famous reset buttons, there were casualties there and that will will have to be put back in place.
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>> gregg: and a little experience sometimes burnishes your wisdom. the north koreans, as i understand it, are trying to miniaturize their nukes to place them atop missiles and trying to develop missiles that could actually reach the west coast of the united states and hawaii. how serious a threat is that? >> well, i think it's a very serious threat. not today, but you know, one reason, as you said earlier, you need to get these additional missiles installed, missile for missile defense purposes, you don't sort of push a button and get ready. the north koreans are trying to increase the capability of ballistic missiles and a payload into earth orbit for the first time and perfect the nuclear program. and then you want more powerful ballistic missiles and smaller nuclear warheads to increase the range and payload capability. even if they're not able in the short-term to reach the united states, continental united states, it's still reaching hawaii or shorter
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range missiles could reach south korea and japan. so this threat of deliverable nuclear weapons from north korea is real not just for us, but for our allies, too. >> gregg: kim jong-un, the new leader, continues to utter threats and belligerent behavior and going so far as to suggest a preemptive strike against the united states. they're no match for the united states and in fact, they're no match for most nuclear power, so what's he up to? >> in part, it's a form of blackmail, but let's he not understatement the kind of hitler in the bunker mentality in north korea. that's why the threats have to be taken seriously, because that regime is simply not rational in our terms. and let's not forget, also, they have, we believe, chemical and biological weapons as well which are a direct threat to the people of south korea, the other half of the peninsula. i think it's clear, kim jong-un is no reformer, he
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follows in line with his father and grandfather and the world's only hereditary communist dictatorship, still run by the military, still a threat in northeast asia and because they're an impoverished nation and don't sell anything to anybody, a global threat, too. >> gregg: what should we do? >> well i think the only long-term answer here is the peaceful reunification of the korean peninsula. it's dilutional to think we can chitchat north korea out of its weapons of mass destruction. long ago we should have gone to china and said, look, you and we will both be better off when he this regime disappears. the chinese say they don't want north korea with nuclear weapons, they need to get serious about it and find a way to reunify the two koreas. >> gregg: but every time we invite china to do something, to try to pressure china to intervene against pyongyang, they don't do it. why don't he they do it and what more can we do to pressure china into making a move? >> you're right.
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they've been schizophrenic in their policy. they say a north korea with nuclear weapons destabilizes. and there's talk in south korea and japan about getting nuclear weapons, talks that increase if united states reduces unilaterally its nuclear capability. so i think we have to appeal to chinese reason. if they really don't want north korea with nuclear weapons they should help us eliminate the regime and that will solve the problem. younger chinese leaders understand. north korea is a pretty ugly piece of baggage. i wish we'd started this long ago, but never too late. >> gregg: do we need to step up our efforts, clan destine efforts for regime change in north korea and do it through the south koreans? >> i would be entirely in favor of that, but south koreans have been nervous about doing anything that could lead to instability in north korea because they, like the chinese, fear massive floods of refugees across the demilitarized zone or in the
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case of china across the alou river so i think we have to work carefully with china which has a civilian population built from the suburbs of seoul to the dmz and don't want their civilians endangered by chemical or biological weapons. i think that really, south korea should see that a reunified korean peninsula is in its interest, to be blunt, a cheap labor force in the north that would love that employment, as opposed to near starvation and i'm hoping that the new government in south korea, having watched kim jong-un's performance the past several months will appreciate that working with the united states to try and reunify the peninsula really is the right course to pursue. >> gregg: ambassador john bolton, always a pleasure to speak with you, sir. thanks very much. >> thank you, gregg. >> gregg: let's go live to cpac right now. the conservative political action group that is such a power in the republican party.
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we expect momentarily dr. ben carson. >> heather: it looks like he may be approaching the podium now. dr. ben carson of course, the director of pediatric neuro surgery at johns hopkins university. the discussion that he's leading actually called president obama's breakfast club. >> gregg: the question is, is he going to deliver his remarks first? he's also part of a panel discussion and so we may get some of that as well. but-- >> this would not be him, this is someone else. >> gregg: this could be an introduction, we'll wait and see. >> a pleasure to be back at cpac, this is the third time i've spoken at cpac, and it's the first time the crowd has been all around me. this is really, really impressive. thank you for being here. i know that i'm here today because a year ago i was the
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speaker at the national prayer breakfast. if you have not seen that speech, please go to my website and watch it. if you go by noon and follow me on twitter, you will get a free whacko bird t-shirt. thank you. seriously, if you watch the speech you'll see at the end i left the audiences singing amazing grace, i would not do that right now, but would like to lead you if i could in lip-syncing the national anthem. all right. that's a super bowl joke and probably need to get serious for a moment or two. but it was an inauguration joke, i guess i'm a little confused. yeah. they had -- they had too much in common. okay, to be serious, and nonpejorative.
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some of you know i wrote a biography of detrick bohnhoffer and it's because of that that i find myself thinking this morning and often recently about the issue of religious freedom in america. many people have said that they see disturbing parallels between what was happening in germany in the 30's on this usual and america today. and i'm very sorry to agree. let me begin with my hometown danbury, connecticut. some of you-- go hatters. some of now that thomas jefferson wrote a letter to the danbury baptists in 1801 in which he uses the phrase separation of church and state and in case there's anyone who doesn't know it, the sense in which jefferson uses that phrase is actually the opposite of how it's generally thought of today. today we often hear it means that state needs to be protected from religion and that religion should have no place in government or society. but jefferson and founders thought precisely the opposite. they knew that the state,
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capital s, was always tempted to take over everything, including the religion side of people's lives so they put a protection in something called a constitution, capital c, that the government could not favor any religion over another and could not prohibit the free exercise of religion. [applause] >> yeah, you're cheering for the founders, not for me. they wanted churches and religions to be protected from the government, frand why? because when people lived out the freedom and practiced deeply held beliefs was at the very heart of this radical and fragile experiment that they had just launched into the world. all right, where the threats to religious freedom today. understand we're not talking about freedom of worship. in a speech about 18 months ago, hillary clinton replaced the phrase freedom of religion-- >> conservatives meeting in maryland, we're live here. we're about to listen to dr. ben carson who was incredibly
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critical of president obama's obamacare program, literally in front of the president, not that long ago. so he's going to be addressing the convention here of conservatives and we'll pause and when we come back. dr. ben carson and also what's happening on capitol hill. we'll be right back. [ chirp ] with android apps, you get better quality control. so our test flights are less stressful. i've got a lot of paperwork, and time is everything here. that's why i upgraded to sprint direct connect. [ chirp ] and instant push-to-talk nationwide. [ male announcer ] upgrade to the new "done." [ chirp ] with instant push-to-talk, three times the coverage, and android productivity apps. now when you buy one motorola admiral rugged smartphone, for ninety nine ninety nine, you'll get four free for you business. visit a sprint store, or call eight five five, eight seven eight, four biz. i'm here in your home, having a pretty spectacular tuesday. ♪ but i don't notice the loose rug at the top of your stairs.
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